Armenia expects participation of French companies in implementation  of nuclear and renewable energy projects - Pashinyan

 Friday, October 4 2024 14:56:00
Armenia expects participation of French companies in implementation  of nuclear and renewable energy projects - Pashinyan

ArmInfo. A meeting took place at the Matignon Palace in Paris between Armenian Prime Minister Nikol  Pashinyan and the newly appointed head of the French government Michel Barnier.  

Armenia`s transition to clean energy and power transmission grid  upgrades to benefit from World Bank support
 Monday, June 3 2024 19:24

ArmInfo.The World Bank's Board of Executive Directors approved $40 million in support of the Enabling  the Energy Transition project for Armenia, which will assist the implementation of the Energy Sector Development Strategy to 2040 of the Republic of Armenia.  

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Mirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to Iran
 Monday, May 20 2024 20:24

ArmInfo.Armenian Foreign Minister Ararat Mirzoyan began his speech at the International Conference on Nuclear Security: Shaping the Future, in Vienna by expressing his deepest condolences to the Iraniangovernment, partners and friendly people in connection with the tragic helicopter  crash.

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Moscow reacts to gas overtures between Yerevan and Baku 
 Monday, April 29 2024 10:27

ArmInfo.Moscow reacts to gas overtures between Yerevan and Baku, says Doctor of Political Sciences  Vahe Davtyan. 

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Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
 Friday, April 26 2024 17:55

ArmInfo. According to estimates by the United States Agency for International Development (USAID), to increase energy independence, Armenia needs a new nuclear power plant with a capacity of 600 MW. Abgar Budaghyan, head of USAID Armenia's energy security project, expressed such an opinion on April 26 during public discussions on "Prospects of diversification of the energy sector in Armenia".

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Expert: Armenia`s energy independence level  is about 27%
 Friday, April 26 2024 17:50

ArmInfo.According to data for 2022, Armenia imports 73% of its energy resources, that is, the level  of energy independence is about 27%. Abgar Budaghyan, head of USAID Armenia's energy security project stated  on April 26 during public discussions on the topic "Prospects for diversification of the energy  sector in Armenia."

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Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
 Thursday, April 25 2024 15:15

ArmInfo. Yerevan is ready to discuss the purchase of Azerbaijani gas with Baku. Speaker of the  National Assembly of Armenia Alen Simonyan stated  on April 25 in a conversation with journalists.

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Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
 Monday, April 22 2024 19:41

ArmInfo.The delegation of the European Union led by the EU Ambassador to Armenia Vassilis Maragos  visited the Armenian Nuclear Power Plant (ANPP).

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Armenia to study Lithuania`s experience in energy sector
 Monday, April 22 2024 18:02

ArmInfo.Minister of Territorial Administration and Infrastructures of the Republic of Armenia Gnel Sanosyan met withMinister of Energy of the Republic of Lithuania Dainius Kreivys in Vilnius. The meeting was also attended  by the Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the Republic of Lithuania Ara Margaryan, the press service of the RA Ministry of Territorial Administration reports.

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Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
 Friday, April 19 2024 16:23

ArmInfo. Yerevan is trying to fit into the field of anti-Iranian sanctions, demonstrating to the  Anglo-Saxon 'bosses' its readiness to reduce economic cooperation with Iran significantly Political scientist, Doctor of Political Sciences Vahe Davtyan wrote on his Facebook page, commenting on the  decision of the RA government to liquidate Energoimpex JSC.

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Cooperation with German Fichtner company discussed 
 Friday, April 19 2024 10:59

ArmInfo. Prime Minister Nikol Pashinyan received the Executive Director of the German Fichtner  company operating in the energy sector, Martin Stickel, and the company's representatives. Viktor Richter, Ambassador Extraordinary and Plenipotentiary of Germany to Armenia, also participated in the  meeting.

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EIB to issue loan under energy efficiency programme to Armenia 
 Friday, April 12 2024 13:30

ArmInfo. The European Investment Bank (EIB) will provide Armenia with a loan of 25 million  euros for the implementation of the second stage of the program to improve the energy efficiency of buildings and structures in Yerevan. 

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EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan 
 Friday, April 5 2024 14:44

ArmInfo. The European Investment Bank (EIB) will provide Armenia with a loan of 25 million  euros for the implementation of the second stage of the program to improve the energy efficiency of buildings and structures in Yerevan.

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Armenia joins International Solar Alliance
 Thursday, April 4 2024 13:49

ArmInfo. On April 4, at a regular meeting, the Government of Armenia approved the RA draft law "On the  ratification of the Framework Agreement "On the International Solar Alliance Fund". 

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Armenian NPP to be under maintenance repair 
 Thursday, April 4 2024 13:43

ArmInfo.The Armenian nuclear power plant will be shut down for scheduled maintenance (PPR) from  May 15, Advisor to the General Director of the ANPP Gera Sevikyan told ArmInfo.

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Delay in Armenia-Georgia power line construction directly related to  Yerevan`s "enclave policy" - professor 
 Wednesday, April 3 2024 10:50

ArmInfo. Avanesov. Armenia is being squeezed out of the North- South megaproject, giving way to  Azerbaijan, Doctor of Political Sciences, Professor of the Russian- Armenian University, President of the Institute of Energy Security (Armenia) Vahe Davtyan in his article.

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Azerbaijan continues attempts to "hit" Armenian nuclear power plant
 Friday, March 22 2024 13:32

ArmInfo. Azerbaijan is not giving up attempts to "hit" one of the most painful areas of the Armenian energy sector - the Armenian nuclear power plant, which provides a third of all electricity produced in the country at the lowest tariff.

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Extending ANPP`s lifetime until 2036 will lay solid foundation for  smooth transition to new power unit - Pashinyan at Nuclear Energy  Summit
 Thursday, March 21 2024 17:01

ArmInfo. Prime Minister  of Armenia Nikol Pashinyan participated in the inaugural Nuclear Energy  Summit in Brussels. French President Emmanuel Macron, Belgian Prime Minister Alexandre de Croux, European Commission President Ursula van der Leyen, European Council President Charles Michel, presidents,  prime ministers and representatives of a number of countries also took part in the event, the office of the Armenia's Prime Minister reports.

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Germany to provide loan for Armenia`s renewable energy sector 
 Wednesday, March 20 2024 14:35

ArmInfo.Preferential loan worth of 12 million Euros will be allocated to Armenia by the  Agreement. The money will be allocated to the private sector for making investments in some spheres of renewable energy.

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Project to create unified gas market in EAEU postponed until 2027
 Monday, March 11 2024 14:53

ArmInfo.The project to create a single gas market in the Eurasian Economic Union has been postponed  until 2027, Armenia's Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan stated on March 11 at a meeting of the RA National Assembly Commission on Regional and Eurasian Integration.

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Armenia should completely switch to renewable energy - Jon Dee 
 Thursday, March 7 2024 12:16

ArmInfo.Armenia should completely switch to renewable energy sources, Jon Dee, Co-founder  and Managing Director of DoSomething, stated at the ROBUST ARMENIA- 2024 conference. 

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News
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WB, ADB collaborate on housing program for Nagorno-Karabakh IDPsWB, ADB collaborate on housing program for Nagorno-Karabakh IDPs
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Armenia Deputy PM, World Bank discuss potential for enhancing  cooperationArmenia Deputy PM, World Bank discuss potential for enhancing  cooperation
Armenia`s industrial sector still experiencing double-digit growthArmenia`s industrial sector still experiencing double-digit growth
In January-August, electricity production in Armenia increased by  2.4%In January-August, electricity production in Armenia increased by  2.4%
Fixing over-ambitious and unrealistic goals most dangerous - expert Fixing over-ambitious and unrealistic goals most dangerous - expert 
Concept paper outlining creation of AI ecosystem global network to be  presented at  WCIT2024Concept paper outlining creation of AI ecosystem global network to be  presented at  WCIT2024
WCIT2024 officially launched with a focus on Artificial IntelligenceWCIT2024 officially launched with a focus on Artificial Intelligence
Ardshinbank started making international money transfers via UBPay systemArdshinbank started making international money transfers via UBPay system
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Armenia expects participation of French companies in implementation  of nuclear and renewable energy projects - PashinyanArmenia expects participation of French companies in implementation  of nuclear and renewable energy projects - Pashinyan
12.5% y/y increase in state budget revenues of Armenia in Jan-Sep  202412.5% y/y increase in state budget revenues of Armenia in Jan-Sep  2024
DigiTec2024 officially launched, with over 200 companies presenting  their innovative solutionsDigiTec2024 officially launched, with over 200 companies presenting  their innovative solutions
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Armenian startups will have the opportunity to receive investments  from the foundation of the legendary Argentine footballer Lionel  MessiArmenian startups will have the opportunity to receive investments  from the foundation of the legendary Argentine footballer Lionel  Messi
More and more young people in Armenia dreaming of becoming nuclear  engineers More and more young people in Armenia dreaming of becoming nuclear  engineers 
Armenia improves its position in Global Innovation Index -2024Armenia improves its position in Global Innovation Index -2024
Ameriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of GiftsAmeriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of Gifts
Double-digit growth of import prices observed in Armenia`s foreign  tradeDouble-digit growth of import prices observed in Armenia`s foreign  trade
532.5mln transactions worth a total of AMD 9,782.7bln  effected in  Armenia in Jan-Sept 2024532.5mln transactions worth a total of AMD 9,782.7bln  effected in  Armenia in Jan-Sept 2024
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Armenia takes over chairmanship of coordinating council of CIS  financial supervision bodies Armenia takes over chairmanship of coordinating council of CIS  financial supervision bodies 
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Armenia`s first regional landfill to be completed in HrazdanArmenia`s first regional landfill to be completed in Hrazdan
Mohammad Reza Aref: Iran is ready to play a more serious role in the  EAEUMohammad Reza Aref: Iran is ready to play a more serious role in the  EAEU
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EEC to sign joint action plan with Uzbekistan for 2024-2026EEC to sign joint action plan with Uzbekistan for 2024-2026
RA government proposes granting new functions to Military-Industrial  CommitteeRA government proposes granting new functions to Military-Industrial  Committee
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EEC head presents Digital Union concept EEC head presents Digital Union concept 
EDB managing director on bank`s role in improved connectivity of  Eurasian nations EDB managing director on bank`s role in improved connectivity of  Eurasian nations 
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EEC minister, heads of statistical services discuss cooperation EEC minister, heads of statistical services discuss cooperation 
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Armenia could generate more energy for export - official Armenia could generate more energy for export - official 
Idram Junior and Koreez Summarize the Results of the Junius Financial Education CompetitionIdram Junior and Koreez Summarize the Results of the Junius Financial Education Competition
Vardan Janyan: We entering the second copper-bronze ageVardan Janyan: We entering the second copper-bronze age
Vardan Janyan: Despite its significant contribution to economic  development and tax base, Armenia`s mining industry stagnating since  2014-2015Vardan Janyan: Despite its significant contribution to economic  development and tax base, Armenia`s mining industry stagnating since  2014-2015
ZMMK CEO: Transition metals are new gas and oil for countries like  ArmeniaZMMK CEO: Transition metals are new gas and oil for countries like  Armenia
Armenia`s international reserves decreased by 14.6% annually by  September 2024, falling to $3.605 billionArmenia`s international reserves decreased by 14.6% annually by  September 2024, falling to $3.605 billion
The American Competitiveness Exchange (ACE Armenia) program launched  in ArmeniaThe American Competitiveness Exchange (ACE Armenia) program launched  in Armenia
Armenia`s defense budget to be increased 20% next year Armenia`s defense budget to be increased 20% next year 
Iran eases entry of vehicles from Armenia Iran eases entry of vehicles from Armenia 
90% of mutual trade within EAEU in national currencies - Bakhyt  Sultanov90% of mutual trade within EAEU in national currencies - Bakhyt  Sultanov
EEC hopes for formation of common exchange market by 2030EEC hopes for formation of common exchange market by 2030
7.3% increase in Armenia`s agricultural trade with EAEU member-states 7.3% increase in Armenia`s agricultural trade with EAEU member-states 
EAEU ministers of agriculture to meet in Yerevan EAEU ministers of agriculture to meet in Yerevan 
Armenian-Iranian substation Noravan to be completely equipped next yearArmenian-Iranian substation Noravan to be completely equipped next year
USD, EUR transactions up, RUB ones down in in Armenia`s interbank foreign exchange market Sept 23 to 27USD, EUR transactions up, RUB ones down in in Armenia`s interbank foreign exchange market Sept 23 to 27
Tourism development with support of WB discussed in YerevanTourism development with support of WB discussed in Yerevan
The Komitas Museum-Institute, with the support of the MESCS of the Republic of Armenia and Ardshinbank, opened the exhibition The Komitas Museum-Institute, with the support of the MESCS of the Republic of Armenia and Ardshinbank, opened the exhibition "Paris Meetings".
SRC: as of September 27, balance of preferential import of electric vehicles into the territory  of Armenia is 454 unitsSRC: as of September 27, balance of preferential import of electric vehicles into the territory  of Armenia is 454 units
IMF mission head appreciates Armenian authorities` efforts to reduce cash turnover of financial resourcesIMF mission head appreciates Armenian authorities` efforts to reduce cash turnover of financial resources
Read more
Exchange rates
08.10.2024
RUB4.020.00
USD387.420.49
EUR425.541.27
GBP507.442.03
CAD284.03-0.71
JPY26.200.17
CNY54.93-0.20
CHF452.431.09


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External factors only hope or Armenia`s shoestring budgetExternal factors only hope or Armenia`s shoestring budget
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Commented
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
Armenian broker Invia Investments to provide access to trading on ITSArmenian broker Invia Investments to provide access to trading on ITS
South Caucasus needs unified market without strategic partners -  expert South Caucasus needs unified market without strategic partners -  expert 
Czech Republic to assist modernization of Yerevan metro Czech Republic to assist modernization of Yerevan metro 
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist

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